Future Trend Analysis Report
Prepared for you on Wednesday, January 24, 2018.
NATURAL GAS Aug 2019 (E) (NYMEX:NG.Q19.E)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for NG.Q19.E
The long term trend has been DOWN since Dec 4th, 2017 at 2.740
The intermediate term trend has been UP since Jan 23rd, 2018 at 2.718
The short term trend has been UP since Jan 23rd, 2018 at 2.710
Smart Scan Analysis for NG.Q19.E
Based on a pre-defined weighted trend formula for chart analysis, NG.Q19.E scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||7.024||Contract High Date||2011-04-28|
|Contract Low||2.51||Contract Low Date||2016-02-26|
|Estimated Volume||72||First Delivery||2019-08-31|